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News Breaks
July 8, 2014
09:55 EDTGISPowell says General Mills expects to accelerate growth in developed markets
General Mills CEO Ken Powell says the company sees an opportunity to accelerate growth, particularly in the U.S. as America and Western Europe slowly recover. Powell added that General Mills is reviewing the supply chain structure in North America as it considers adding capacity in parts of the businesses. Powell says the company is seeing new trends in cereal, as people are more interested in gluten-free and fiber-rich products. Ken Powell is speaking on CNBC.
News For GIS From The Last 14 Days
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November 30, 2015
11:45 EDTGISJ & J Snack Foods announces partnership with General Mills
J&J Snack Foods Corp. (JJSF) announced a new partnership with General Mills (GIS) to introduce Pillsbury Mini Pies. These frozen dessert squares will be available in three varieties: Apple Cinnamon, S'mores and Chocolate Lava. These pies will be sold at retailers nationwide in frozen dessert sections, as well as in warehouse clubs.
November 25, 2015
05:43 EDTGISGeneral Mills to use only cage-free eggs by 2025, Reuters reports
General Mills plans to use only cage-fee eggs in its U.S. operations by 2025, reports Reuters. The company had said it was working toward using cage-free eggs in its products in July, but this is a the first time a packaged food company has given a timeline. Reference Link
November 18, 2015
09:06 EDTGISHain Celestial weakness looks overdone, says Bernstein
Bernstein notes that Hain Celestial (HAIN) is now trading at a lower valuation than a number of "ostensibly more challenged food companies like" Kellogg (K) and General Mills (GIS). The firm expects the company to benefit over the longer term from current food trends. It trimmed its price target on the name to $50 from $60 and keeps an Outperform rating.

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